Aviation News Item: 00079

28th Oct 2009

Source: evaint.com

Vueling turned a €68.1m operating profit during the third quarter of the year, with a 26.3 per cent operating margin, a 10.2-point increase when compared with the same period last year (operating profit of €24.7m, and a 16.1 per cent margin).

In the 9 months to September 30th, Vueling made a €71.9m operating profit, a 16.3 per cent margin, with a 21.6-point increase on a year earlier. Total revenue reached €259.2m during the quarter and increased by 68.6 per cent when compared with the same period a year earlier. On a unit basis, revenue per ASK decreased by just 1.3 per cent, mainly as a consequence of a lift in fuel surcharges. Gross revenue for the nine months to September was of €441m.

Vueling operated 23,630 flights during the quarter, 79.7 per cent more than in the same period a year earlier. Not only there were more flights, but these were also better filled: its quarterly seat load-factor increased by 2.1 points, to 80 per cent. Travel-agent sales decisively contributed to the increase in passenger numbers and gross revenue, and accounted for one-third of Vueling's scheduled revenue, as a consequence of Vueling's own GDS constant rollout and of code-share agreements with Iberia.

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